Overall Equipment Effectiveness (OEE), TEEP, and TPM

You are manufacturing a product competing with hundreds of other
facilities all over the world. You have to make products that meet
specifications without waste and at the lowest possible cost in
order to stay in business.

OEE is a metric that
is the combination of other metrics Performance x Availability x
Quality. The object of the metric is to benchmark and improve the
line performance.

A good OEE and downtime tracking system will help you accomplish many of your goals: